Printer Friendly

GREAT LAKES BANCORP TO PAY 4TH-QUARTER STOCK DIVIDENDS

 GREAT LAKES BANCORP TO PAY 4TH-QUARTER STOCK DIVIDENDS
 ANN ARBOR, Mich., Dec. 19 /PRNewswire/ -- Great Lakes Bancorp


announced that it will pay common stock dividends to holders of both its common and preferred stock.
 Holders of Great Lakes' common stock (NASDAQ-NMS: GLBC) will receive one share of common stock for every 50 shares owned.
 Holders of Great Lakes' preferred stock (NASDAQ-NMS GLBCP) will receive one share of Great Lakes' common stock for every 30 shares of preferred stock they own.
 Both dividends will be paid Jan. 15, 1992, to recordholders as of Jan. 1, 1992. Cash will be paid in lieu of fractional shares.
 With $3.1 billion in assets and $1.9 billion in deposits, Great Lakes Bancorp is Michigan's second-largest savings bank. Great Lakes has branches throughout Michigan, with primary concentrations in the Ann Arbor, Battle Creek, and Saginaw areas. In addition, a division of Great Lakes, Dollar Federal Savings Bank, has a significant presence in Hamilton, Ohio. Great Lakes also operates Great Lakes Mortgage Co., a mortgage banking subsidiary.
 -0- 12/19/91
 /CONTACT: James S. Patterson of Great Lakes Bancorp, 313-769-8300, Ext. 4116/
 (GLBC) CO: Great Lakes Bancorp ST: Michigan IN: FIN SU: DIV


SM -- DE014 -- 3901 12/19/91 12:27 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 19, 1991
Words:207
Previous Article:MASTERCARD INTERNATIONAL ENACTS NEW POLICY PROHIBITING 900 NUMBER OFFERS OF ITS CARDS
Next Article:WHITE HOUSE ASSISTANT FRED MCCLURE TO JOIN FIRST SOUTHWEST
Topics:


Related Articles
COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDEND
GREAT LAKES BANCORP TO PAY FIRST-QUARTER STOCK DIVIDENDS
GREAT LAKES BANCORP TO PAY CASH DIVIDEND ON PREFERRED, STOCK DIVIDEND ON COMMON FOR FOURTH QUARTER
One Valley Bancorp Announces 5 for 4 Stock Split and 11% Increase in Cash Dividend
CitFed Bancorp, Inc. Declares Three-for-Two Stock Split and Announces Second Quarter Cash Dividend
LA Bank Increases Dividend
Columbia Bancorp Announces Dividend
LA Bank Increased Dividend 11%
Lake Ariel Bancorp, Inc. Declares 5% Stock Dividend
Westco Bancorp, Inc. Declares Quarterly Dividend.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters